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INNOVATION IN ACCOUNTING

Unless you’ve been hiding under a rock, you’ll have noticed how technology and software has worked its way into every facet of our modern 21st-century lives. Including your accounts.

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Simplification of inheritance tax

Simplification of inheritance tax

The Office of Tax Simplification (OTS) has been tasked with carrying out a review of Inheritance Tax (IHT) with a view to simplifying how the tax operates. IHT is perceived to be complicated and currently yields a relatively small amount of tax compared to income tax...

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Smart Contracts

Smart Contracts

As blockchain technology continues to evolve, we are hearing more and more about so-called “smart contracts”. Smart contracts utilise blockchain technology in order to self-execute. A smart contract is an agreement between two people in the form of computer code. They...

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